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Employer Identification Number 23-2411680

ACADEMIC PROPERTIES INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:ACADEMIC PROPERTIES INC
Employer identification number (EIN):23-2411680
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:611000
401k Pension/Benefits registration ACADEMIC PROPERTIES INC 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationiPennsylvania, PA

Organization Overview

Mission StatementACQUIRES AND IMPROVES PROPERTIES OF STRATEGIC IMPORTANCE TO THE FUTURE GROWTH OF DREXEL UNIVERSITY.
Number of Employees11
Number of Volunteers0
Year Formed1986

Organization Governance

Legal DomicilePA
Voting Members - Governing Body8
Voting Members - Independent2

Organization Financials

2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,054,715
Program Service Revenue from current yearUSD $ 6,197,954
Investment Income from prior yearUSD $ 4,205
Investment Income from current yearUSD $ 4,247
Other Revenue from prior yearUSD $ 1,468,049
Other Revenue from current yearUSD $ 1,949,599
Gross receipts from all sourcesUSD $ 9,320,520
Net assets / fund balances at end of fiscal yearUSD $ 28,286,501
Net assets / fund balances at beginning of fiscal yearUSD $ 26,057,297
Total liabilities at end of fiscal yearUSD $ 1,278,740
Total liabilities at beginning of fiscal yearUSD $ 1,572,275
Total assets at end of fiscal yearUSD $ 29,565,241
Total assets at beginning of fiscal yearUSD $ 27,629,572
Revenues less expenses for current yearUSD $ 2,229,204
Revenues less expenses for previous yearUSD $ 1,937,080
Total expenses for current yearUSD $ 5,922,596
Total expenses for previous yearUSD $ 5,589,889
Other expenses in current yearUSD $ 5,332,336
Other expenses in previous yearUSD $ 5,033,890
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 590,260
Employee salary and benefits paid in previous yearUSD $ 555,999
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,151,800
Total revenue in previous fiscal yearUSD $ 7,526,969
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 128,371
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,867,721
Program Service Revenue from current yearUSD $ 6,054,715
Investment Income from prior yearUSD $ 5,852
Investment Income from current yearUSD $ 4,205
Other Revenue from prior yearUSD $ 360,112
Other Revenue from current yearUSD $ 1,468,049
Gross receipts from all sourcesUSD $ 8,585,210
Net assets / fund balances at end of fiscal yearUSD $ 26,057,297
Net assets / fund balances at beginning of fiscal yearUSD $ 24,120,217
Total liabilities at end of fiscal yearUSD $ 1,572,275
Total liabilities at beginning of fiscal yearUSD $ 925,508
Total assets at end of fiscal yearUSD $ 27,629,572
Total assets at beginning of fiscal yearUSD $ 25,045,725
Revenues less expenses for current yearUSD $ 1,937,080
Revenues less expenses for previous yearUSD $ -4,354,932
Total expenses for current yearUSD $ 5,589,889
Total expenses for previous yearUSD $ 11,588,617
Other expenses in current yearUSD $ 5,033,890
Other expenses in previous yearUSD $ 10,568,600
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 555,999
Employee salary and benefits paid in previous yearUSD $ 1,020,017
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,526,969
Total revenue in previous fiscal yearUSD $ 7,233,685
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 125,020
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,342,662
Program Service Revenue from current yearUSD $ 6,867,721
Investment Income from prior yearUSD $ 15,970
Investment Income from current yearUSD $ 5,852
Other Revenue from prior yearUSD $ 1,353,420
Other Revenue from current yearUSD $ 360,112
Gross receipts from all sourcesUSD $ 7,520,140
Net assets / fund balances at end of fiscal yearUSD $ 24,120,217
Net assets / fund balances at beginning of fiscal yearUSD $ 28,475,149
Total liabilities at end of fiscal yearUSD $ 925,508
Total liabilities at beginning of fiscal yearUSD $ 830,232
Total assets at end of fiscal yearUSD $ 25,045,725
Total assets at beginning of fiscal yearUSD $ 29,305,381
Revenues less expenses for current yearUSD $ -4,354,932
Revenues less expenses for previous yearUSD $ 2,506,430
Total expenses for current yearUSD $ 11,588,617
Total expenses for previous yearUSD $ 5,205,622
Other expenses in current yearUSD $ 10,568,600
Other expenses in previous yearUSD $ 4,565,889
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,020,017
Employee salary and benefits paid in previous yearUSD $ 639,733
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,233,685
Total revenue in previous fiscal yearUSD $ 7,712,052
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 168,631
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,880,354
Program Service Revenue from current yearUSD $ 6,342,662
Investment Income from prior yearUSD $ -5,882,253
Investment Income from current yearUSD $ 15,970
Other Revenue from prior yearUSD $ 2,418,569
Other Revenue from current yearUSD $ 1,353,420
Gross receipts from all sourcesUSD $ 8,682,158
Net assets / fund balances at end of fiscal yearUSD $ 28,475,149
Net assets / fund balances at beginning of fiscal yearUSD $ 25,968,719
Total liabilities at end of fiscal yearUSD $ 830,232
Total liabilities at beginning of fiscal yearUSD $ 1,127,218
Total assets at end of fiscal yearUSD $ 29,305,381
Total assets at beginning of fiscal yearUSD $ 27,095,937
Revenues less expenses for current yearUSD $ 2,506,430
Revenues less expenses for previous yearUSD $ -5,398,052
Total expenses for current yearUSD $ 5,205,622
Total expenses for previous yearUSD $ 6,814,722
Other expenses in current yearUSD $ 4,565,889
Other expenses in previous yearUSD $ 6,259,032
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 639,733
Employee salary and benefits paid in previous yearUSD $ 555,690
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,712,052
Total revenue in previous fiscal yearUSD $ 1,416,670
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 151,537
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,251,278
Program Service Revenue from current yearUSD $ 4,880,354
Investment Income from prior yearUSD $ 10,780
Investment Income from current yearUSD $ -5,882,253
Other Revenue from prior yearUSD $ 3,812,090
Other Revenue from current yearUSD $ 2,418,569
Gross receipts from all sourcesUSD $ 9,574,996
Net assets / fund balances at end of fiscal yearUSD $ 25,968,719
Net assets / fund balances at beginning of fiscal yearUSD $ 32,252,077
Total liabilities at end of fiscal yearUSD $ 1,127,218
Total liabilities at beginning of fiscal yearUSD $ 947,057
Total assets at end of fiscal yearUSD $ 27,095,937
Total assets at beginning of fiscal yearUSD $ 33,199,134
Revenues less expenses for current yearUSD $ -5,398,052
Revenues less expenses for previous yearUSD $ 2,847,272
Total expenses for current yearUSD $ 6,814,722
Total expenses for previous yearUSD $ 7,226,876
Other expenses in current yearUSD $ 6,259,032
Other expenses in previous yearUSD $ 6,681,603
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 555,690
Employee salary and benefits paid in previous yearUSD $ 545,273
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,416,670
Total revenue in previous fiscal yearUSD $ 10,074,148
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 570,400
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 5,813,206
Program Service Revenue from current yearUSD $ 6,251,278
Investment Income from prior yearUSD $ 16,641
Investment Income from current yearUSD $ 10,780
Other Revenue from prior yearUSD $ 4,059,569
Other Revenue from current yearUSD $ 3,812,090
Gross receipts from all sourcesUSD $ 13,823,767
Net assets / fund balances at end of fiscal yearUSD $ 32,252,077
Net assets / fund balances at beginning of fiscal yearUSD $ 29,404,805
Total liabilities at end of fiscal yearUSD $ 947,057
Total liabilities at beginning of fiscal yearUSD $ 825,993
Total assets at end of fiscal yearUSD $ 33,199,134
Total assets at beginning of fiscal yearUSD $ 30,230,798
Revenues less expenses for current yearUSD $ 2,847,272
Revenues less expenses for previous yearUSD $ 41,686
Total expenses for current yearUSD $ 7,226,876
Total expenses for previous yearUSD $ 9,847,730
Other expenses in current yearUSD $ 6,681,603
Other expenses in previous yearUSD $ 9,225,542
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 545,273
Employee salary and benefits paid in previous yearUSD $ 622,188
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 10,074,148
Total revenue in previous fiscal yearUSD $ 9,889,416
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 196,696
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 5,925,787
Program Service Revenue from current yearUSD $ 5,813,206
Investment Income from prior yearUSD $ 21,505
Investment Income from current yearUSD $ 16,641
Other Revenue from prior yearUSD $ 3,160,673
Other Revenue from current yearUSD $ 4,059,569
Gross receipts from all sourcesUSD $ 13,496,746
Net assets / fund balances at end of fiscal yearUSD $ 29,404,805
Net assets / fund balances at beginning of fiscal yearUSD $ 29,363,119
Total liabilities at end of fiscal yearUSD $ 825,993
Total liabilities at beginning of fiscal yearUSD $ 1,432,523
Total assets at end of fiscal yearUSD $ 30,230,798
Total assets at beginning of fiscal yearUSD $ 30,795,642
Revenues less expenses for current yearUSD $ 41,686
Revenues less expenses for previous yearUSD $ 1,303,528
Total expenses for current yearUSD $ 9,847,730
Total expenses for previous yearUSD $ 7,804,437
Other expenses in current yearUSD $ 9,225,542
Other expenses in previous yearUSD $ 7,223,016
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 622,188
Employee salary and benefits paid in previous yearUSD $ 581,421
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 9,889,416
Total revenue in previous fiscal yearUSD $ 9,107,965
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 203,515
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 5,953,587
Program Service Revenue from current yearUSD $ 5,925,787
Investment Income from prior yearUSD $ 37,738
Investment Income from current yearUSD $ 21,505
Other Revenue from prior yearUSD $ 3,176,266
Other Revenue from current yearUSD $ 3,160,673
Gross receipts from all sourcesUSD $ 13,260,593
Net assets / fund balances at end of fiscal yearUSD $ 29,363,119
Net assets / fund balances at beginning of fiscal yearUSD $ 28,059,591
Total liabilities at end of fiscal yearUSD $ 1,432,523
Total liabilities at beginning of fiscal yearUSD $ 977,112
Total assets at end of fiscal yearUSD $ 30,795,642
Total assets at beginning of fiscal yearUSD $ 29,036,703
Revenues less expenses for current yearUSD $ 1,303,528
Revenues less expenses for previous yearUSD $ -160,699
Total expenses for current yearUSD $ 7,804,437
Total expenses for previous yearUSD $ 9,328,290
Other expenses in current yearUSD $ 7,223,016
Other expenses in previous yearUSD $ 8,757,626
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 581,421
Employee salary and benefits paid in previous yearUSD $ 570,664
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 9,107,965
Total revenue in previous fiscal yearUSD $ 9,167,591
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 192,747

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 232411680

USA Mailing Address
3601 POWELTON AVE
LOWER LEVEL
PHILADELPHIA
PA
19104
Date first seen: 2007-01-01
Date last seen: 2024-02-29
USA Location Address
3601 POWELTON AVE
LOWER LEVEL
PHILADELPHIA
PA
19104
Date first seen: 2007-01-01
Date last seen: 2024-02-29
USA Mailing Address
LOWER LEVEL
3601 POWELTON AVE
PHILADELPHIA
PA
191042372
Date first seen: 2017-02-21
Date last seen: 2018-02-19
USA Location Address
LOWER LEVEL
3601 POWELTON AVE
PHILADELPHIA
PA
191042372
Date first seen: 2017-02-21
Date last seen: 2021-07-22

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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